Billionaire investor Leon Cooperman's Omega Advisors exited its entire position in Alphabet (GOOGL), a stake previously valued at $21.57 million. According to a quarterly disclosure, the fund sold all 75,000 of its shares during the second quarter of 2026, which ended June 30. These 13F filings are released with a delay, so the trades occurred sometime between April and June.
The sale aligns with Cooperman's recent public statements cautioning against excessive market optimism and an AI-driven bubble. In August, he explicitly stated he is avoiding technology stocks, warning that the U.S. could face a recession in the next year. The move represents a significant retreat from a major technology holding, reflecting his bearish outlook on the sector and the broader market.